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Saudi Prince: as long as this condition is met, Saudi Arabia will freeze crude oil production

Saudi Prince: as long as this condition is met, Saudi Arabia will freeze crude oil production

September 6, 2016

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Saudi Prince Turki al Faisal said in an interview last Friday (September 2) that Saudi Arabia still agreed to freeze its crude oil production, The condition is that all other oil producing countries must do so

the major OPEC and non OPEC oil producing and consuming countries will hold an informal meeting in Arles on September, in close cooperation with the designers of automatic and double clutch transmissions, and on the margins of the International Energy Forum held in Algeria, to discuss measures to support the oil market

in fact, there have been many opportunities to reach a frozen production agreement before, but as the actual leader of OPEC, Saudi Arabia is still keen to maintain the output of physical layer configuration technology at a high level to defend its market share. Of course, Saudi Arabia is not the only troublemaker. In April this year, Iran refused to join the production freeze proposal led by Saudi Arabia, Russia, Qatar and Venezuela, which eventually led to the failure of the Doha talks

Faisal, a former head of Saudi intelligence and ambassador to the United States, pointed out that "Saudi Arabia hopes to conduct an overall analysis of the issue of crude oil production and oil prices, not just within OPEC."

he stressed, "no matter what decision is made, all oil producing countries should play their part. 2. The sample breaks and stops automatically, playing a good role."

Faisal said, "returning to high oil prices may hurt the interests of some relatively poor crude oil importing countries, such as some African, Asian and Latin American countries. Since the establishment of OPEC, Saudi Arabia's policy has always been to set the oil price at a level acceptable to buyers."

Arkady Dvorkovich, Deputy Prime Minister of Russia, also said on Friday that US $per barrel was a "good price" for oil prices. He also said that Russia was ready to sign a production agreement

it is worth noting that, according to data compiled by Bloomberg, just as OPEC is preparing to hold informal talks later this month, the daily supply from the organization increased by 120000 barrels last month, reaching a record high of 33.69 million barrels, of which Member States from Saudi Arabia to Kuwait have increased production

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